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SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk
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- Space X's sharp pullback from its post-IPO record high is doing little to embolden short sellers reluctant to bet against CEO Elon Musk, even as shares have shed more than a quarter of their value in just over a week.
- The rocket company is down about 12% this week and roughly 28% from its June 16 peak, erasing hundreds of billions of dollars in market value after a blistering rally that followed the June 12 initial public offering.
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Space X's sharp pullback from its post-IPO record high is doing little to embolden short sellers reluctant to bet against CEO Elon Musk, even as shares have shed more than a quarter of their value in just over a week.
The rocket company is down about 12% this week and roughly 28% from its June 16 peak, erasing hundreds of billions of dollars in market value after a blistering rally that followed the June 12 initial public offering.
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